🚨 Launch capital of $100 million does not mean the ETF’s real holdings 🧠

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- This crypto ETF shows about $100 million in launch assets on its first day
- The launch assets are mainly seed funding provided by the sponsor, which may exaggerate the actual scale
- Whether there is truly investor interest must be verified through subsequent share creation, redemptions, and continuous capital inflows
- Market observers warn that it’s hard to judge long-term capital flow based on the initial balance alone 🔥

- If additional funding continues to flow in, the ETF’s size may grow quickly, pushing the price up in the short term
- If redemption pressure increases, the asset size could shrink, leading to greater volatility
- Recent whale activity suggests they’ve built up cumulative positions, implying that smart money may have positioned early
- With ample liquidity in the near term supporting price gains, you still need to watch regulatory developments

- Do you think the ETF’s true investor base can become apparent within the next two weeks?

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